Natures Miracle Correlations
| NMHIWDelisted Stock | 0.01 0 20.18% |
The current 90-days correlation between Natures Miracle Holding and Transportadora de Gas is -0.24 (i.e., Very good diversification). The correlation of Natures Miracle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Natures Miracle Correlation With Market
Good diversification
The correlation between Natures Miracle Holding and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natures Miracle Holding and DJI in the same portfolio, assuming nothing else is changed.
Natures |
Moving against Natures Stock
| 0.36 | AME | Ametek Inc | PairCorr |
| 0.34 | EMR | Emerson Electric | PairCorr |
| 0.31 | CR | Crane Company | PairCorr |
| 0.31 | GGG | Graco Inc Earnings Call This Week | PairCorr |
| 0.34 | GRC | Gorman Rupp Earnings Call This Week | PairCorr |
| 0.33 | THR | Thermon Group Holdings Earnings Call This Week | PairCorr |
| 0.32 | NNE | Nano Nuclear Energy Trending | PairCorr |
| 0.32 | NPO | Enpro Industries | PairCorr |
| 0.32 | SMR | Nuscale Power Corp Trending | PairCorr |
| 0.31 | PNR | Pentair PLC Earnings Call This Week | PairCorr |
| 0.31 | ROK | Rockwell Automation Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Natures Stock performing well and Natures Miracle Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Natures Miracle's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TGS | 2.27 | 0.59 | 0.20 | (1.10) | 2.31 | 6.03 | 18.61 | |||
| UBER | 1.57 | (0.22) | 0.00 | (2.31) | 0.00 | 2.67 | 12.29 | |||
| EDN | 3.13 | 0.74 | 0.18 | 4.72 | 3.53 | 7.57 | 22.40 | |||
| WEC | 0.80 | (0.01) | (0.05) | (0.40) | 1.01 | 1.70 | 4.25 | |||
| BNTX | 2.27 | 0.12 | 0.03 | 0.37 | 2.78 | 5.55 | 14.16 | |||
| PCYO | 1.91 | 0.05 | 0.01 | 0.17 | 2.20 | 5.34 | 17.93 | |||
| RDCM | 2.62 | 0.44 | 0.11 | 3.58 | 3.12 | 5.55 | 21.11 | |||
| ADI | 1.31 | 0.00 | (0.01) | 0.05 | 1.69 | 2.21 | 7.85 |
Still Interested in Natures Miracle Holding?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.